CALORATOR PRINTER VERSION BACK Exercise 3-05 (Part Level Submission) A tabular analysis of the transactions made during August 2022 by Wildhorse Co. during its first month of operations is shown below. Each Increase and decrease in stockholders' equity is explained. Assets Liabilities Stockholders' Equity Cash + A/R + Supp. + Equip. Accounts Payable + Common Stock + Retained Earnings Revenues - Expenses - Dividends 1. $20,800 $20,800 2 -1,510 $4,910 $3,400 3. -600 $600 4. 4,400 $6,200 $10,600 Serv. Rev. 5. -2,000 -2,000 6. -1,600 - $1,600 -700 -$700 Rent Exp. 8. 380 -380 -2.600 -2,600 9. Sal. Exp. 360 --360 10. Util. Exp. (a) Your answer is correct. 10:55 PM TIepamo TCUM STOCMAIL TO Hugue. WILDHORSE CO. Income Statement For the Month Ended August 31, 2022 v Revenues Service Revenue 10,600 Expenses W 700 Rent Expense Salaries and Wages Expense 2,600 360 Utilities Expense Total Expenses 3,660 6,940 Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work a 1) re to search Your answer is partially correct. Try again. Prepare a retained earnings statement for August. (List items that increase retained earnings first.) WILDHORSE CO. Retained Earnings Statement For the Month Ended August 31, 2022 Retained Earnings, August 1 Add y Net Income / (Loss) 6,940 Less Dividends 1,600 Retained Earnings, August 31 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT U a cearch